Useful Tips for Coin Collectors

 

Coin grading is a very subjective matter; opinions vary and each country has its own coin grading language. Properly grading a coin requires expert knowledge and many years of experience. However there are a few tips beginners can use and implement to master the art of coin grading. If you are interested in coin collecting and would like to learn more, this article is for you.

 

Please bear in mind that the information shared below is provided as a guide; for accurate and detailed coin grading, seek a professional coin grader.

 

 

Here is your first tip: never be afraid to ask as many questions as you want. A good coin dealer will explain and elaborate. A useful tool you should know about is the South African Coin and Banknote Catalogue. This is your go-to for various grading terms, including a detailed description of each.

 

If there is anything you should remember, it is this: when grading a coin, you need to look out for two things. First, the amount of detail lost and second, how worn out the overall design is. The three things not considered in coin grading is the type of coin, its age and rarity.

 

Before you start the coin grading process, this is what you need:

 

1. A potent source source of light; a 100 watt light bulb is sufficient. Do  make sure the desk lamp you are using is close to where the coin evaluation takes place.

2. A magnifying glass that can enhance the object by 6 to 8 times is perfect for the job.

 

 

The grading scale works in categories and  there are three categories: circulated coins, about uncirculated coins and uncirculated coins. Lets look at what each type involves.

 

Circulated coins, as the name suggests, are coins that have been circulated among the population and have been used in trade, and therefore show more wear.

 

About uncirculated coins are coins that have a sharp legend (a coin legend is any inscription or information on the coin) and a hint of wear on the high points.

 

Uncirculated coins are those that show no wear; this is normally because the coin was not circulated among the population and used as trading money.

Try to determine which category your coin falls under; however, if you are not sure - get an expert to help you.

 

If you are interested in selling your coins on Bob Shop but dont know how to go about grading them, we would recommend using the following reputable coin companies: Randburg Coin, City Coins and SANGS. Once your coins have been graded, feel free to sell them on Bob Shop or expand your coin collection by purchasing from our wide range of coins.


 
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